Last update: 05-Dec-2013 3:41 am
Thursday, December 05, 2013
Trinidad & Tobago Guardian Online
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Jamaica to get visit from IMF this month
KINGSTON—A delegation from the International Monetary Fund (IMF) is due in the island this month to conduct a review of the country’s performance under the Extended Fund Facility (EFF), the IMF resident representative Bert van Selm, announced. He said this would be the second review under the programme, following the conclusion of the first quarterly evaluation by the IMF Executive Board in September. Addressing the Jamaica Exporters’ Association’s (JEA) breakfast forum held under the theme ‘Jamaica’s Growth Strategy and the Alignment under the IMF Agreement’ the IMF official said that EEF programme was “off to an excellent start.
“But we have a long way to go, as Jamaica’s EFF actually has 15 reviews planned, of which we have just concluded one,” he added. The IMF delegation is expected to review Jamaica’s performance for the quarter ending September, as well as take a forward look at how the country is expected to perform in subsequent quarters. Jamaica was recently granted a second drawdown of US$30.6 million from the IMF under the four-year agreement, which brought total disbursements under the arrangement to about US$240.4 million. (CMC)
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